Kirby Corporation (KEX)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 58.91 | 69.35 | 74.51 | 64.79 | 65.31 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 58.91 | 69.35 | 74.51 | 64.79 | 65.31 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 58.91 + — – —
= 58.91
The cash conversion cycle for Kirby Corporation has shown some fluctuations over the past five years. In December 2020, the company's cash conversion cycle was 65.31 days, which slightly decreased to 64.79 days by December 2021. However, by December 2022, the cycle increased to 74.51 days before declining to 69.35 days by December 2023. In the most recent period, December 2024, Kirby Corporation managed to reduce its cash conversion cycle significantly to 58.91 days.
Overall, Kirby Corporation has been successful in optimizing its cash conversion cycle in 2024 compared to the previous years, indicating efficiency in managing its cash flows, accounts receivables, and inventory turnover. The company should continue monitoring and managing its working capital components effectively to sustain this improved performance in the future.
Peer comparison
Dec 31, 2024